Pharos Energy (LON:PHAR) Given “House Stock” Rating at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Pharos Energy (LON:PHAR) in a research report released on Friday morning, Marketbeat Ratings reports.

Pharos Energy Trading Down 4.0 %

Shares of Pharos Energy stock opened at GBX 21.80 ($0.28) on Friday. The company has a debt-to-equity ratio of 5.01, a current ratio of 2.84 and a quick ratio of 1.72. Pharos Energy has a 1 year low of GBX 18.05 ($0.23) and a 1 year high of GBX 27.50 ($0.35). The company has a market capitalization of £90.00 million, a P/E ratio of -726.67, a P/E/G ratio of -0.02 and a beta of 1.61. The business has a 50 day moving average price of GBX 22.76 and a 200 day moving average price of GBX 23.91.

Pharos Energy Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 22nd. Investors of record on Thursday, December 19th will be given a dividend of GBX 0.36 ($0.00) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 1.53%. Pharos Energy’s dividend payout ratio is currently -3,333.33%.

Insider Buying and Selling

In other Pharos Energy news, insider Katherine Roe purchased 6,348 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of GBX 23 ($0.29) per share, for a total transaction of £1,460.04 ($1,861.35). Also, insider Sue Rivett sold 479,596 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of GBX 23 ($0.29), for a total value of £110,307.08 ($140,626.06). Insiders purchased 16,695 shares of company stock worth $391,873 in the last ninety days. Insiders own 51.33% of the company’s stock.

Pharos Energy Company Profile

Pharos Energy plc, an independent energy company, engages in the exploration, development, and production of oil and gas properties in Vietnam, Egypt, and China. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.